Georgian experts forecast the inflation rate in Georgia to begin to “decline significantly” from March to April, Prime Minister said on February 23, adding a reduction in inflation was already observed in the final months of 2021. Garibashvili elaborated on causes of the high inflation rate in the country, naming the global pandemic as the…
The Lithuanian fintech company Paysera has halted transfers to and from Russia. The decision was made in solidarity with Ukraine and to reduce risks from the Russian market. The company will no longer process transactions in Russian rubles, close its Russian clients’ accounts and restrict money transfers to and from Russian and Belarusian banks, it…
The Government prolongs active cooperation with the International Monetary Fund, the Prime Minister Denys Shmyhal announced during a Government meeting on February 23. “We welcome the start of another mission of the International Monetary Fund. Economically resilient and stable Ukraine is one of our main long-term responses to the aggressor’s actions,” stressed Denys Shmyhal. The…
Minister of Economy Vahan Kerobyan has commented on the sanctions imposed on Russia by the West and several other countries and declared that Armenia is worried about the situation. According to him, the government will try to mitigate the possible consequences of sanctions against Russia on the Armenian economy. “We are studying all the factors.…
The Ukrainian Ministry of Finance raised UAH 3.5 billion to the state budget at an auction for the placement of domestic government bonds, according to the ministry’s press service. “On February 22, at auctions for the placement of domestic government bonds, the Finance Ministry offered investors five issues of securities in the national currency and…
Due to the threat of Russian invasion, Ukraine loses $2 to $3 billion a month due to suspended investment and additional inflation, Rostyslav Shurma, Deputy Head of the President’s Office, has said. “We see that irreversible losses amount to $2 to $3 billion a month in such a stressful situation. This includes suspended investments, additional…
The Northern Regional Development Agency (ADR) has recently signed financing agreements with new beneficiaries and partners in infrastructure projects that will be implemented in several localities in the Northern Development Region of the Republic of Moldova in the next two years. The respective financing agreements cover part of the 11 projects, included in the Annual…